The new Reserve Bank guidelines on capping fund-based bank credit to corporate is expected to increase their refinancing needs to the tune Rs 4 trillion in the medium-term and
Day: December 8, 2018
Insolvency And Bureaucratic Code-Minhaz Merchant – BW Businessworld
The Insolvency and Bankruptcy Code (IBC) is one of the most farsighted economic reforms legislated by the Narendra Modi government. It promises to mitigate the principal weakness
IBC Wilful defaulters barred from bidding for stressed assets – BW Businessworld
In a blow to defaulting promoters seeking to reclaim their firms that are under insolvency proceedings, the government today promulgated an ordinance to bar wilful
Attractive stressed assets up for sale in India: Jaitley – IANS Feed News
India’s bankrupt companies offer a never-before opportunity to the global investors to ride the country’s exceptional growth trajectory, thanks to the Insolvency and Bankruptcy Code
NCLT directs Era Infra RP to admit ICICI Bank as financial creditor – PTI feed News
The National Company Law Tribunal (NCLT) Thursday directed the resolution professional of Era Infrastructure India to admit ICICI Bank as a financial creditor under the
An evolving economy needs dynamic regulation, says Jaitley – PTI feed News
Finance Minister Arun Jaitley Saturday said as an economy evolves, regulation needs to be relaxed or altered keeping in the mind the ground situation. Speaking
Absence of bond market main reason for India’s banking crisis: CAG – IANS Feed News
The major reason for the crisis being faced by banks is the absence of a developed bond market in the country, the official auditor said
IBBI notifies mechanism for issuing regulations – PTI feed News
The Insolvency and Bankruptcy Board of India (IBBI) has notified the mechanism to be followed for issuing regulations under the insolvency law. A set of
Panel recommends UNCITRAL model for cross-border insolvency – IANS Feed News
A committee to look into amendments to the Insolvency and Bankruptcy Code (IBC) on Monday recommended the adoption of the UNCITRAL Model Law of Cross
Rupee fall, high NPAs still cause for concern: former RBI Guv Jalan – PTI feed News
Terming the Modi government’s performance as a mixed story, former RBI Governor Bimal Jalan Sunday said the declining value of rupee and high non-performing assets
IBBI needs to have more powers, says NCLAT Chairperson – PTI feed News
The Insolvency and Bankruptcy Board needs to be given more powers, NCLAT Chairperson Justice Sudhansu Jyoti Mukhopadhaya said Monday and also suggested that there should
Only registered valuers can do valuation under IBC from Feb 2019 – PTI feed News
From February next year, only entities registered as valuers with the IBBI can carry out valuation of assets under the insolvency law, according to a
BIZ IBC CORPORATES – BW Businessworld
Around 212 firms were sent for liquidation under the Insolvency and Bankruptcy Code (IBC) till September-end, a top official said Saturday. Insolvency and Bankruptcy Board
More relaxation sought for MSME promoters in IBC cases – BW Businessworld
Insolvency Professionals today made a pitch for additional relaxation for promoters in the MSME sector with regard to bidding for their own assets, in cases
Current account deficit widens to 2.9% of GDP in Q2 – The Economic Times
The CAD has increased to 2.7 per cent of GDP in first half of 2018-19 from 1.8 per cent in the corresponding period of 2017-18
New RBI norms capping bank credit to increase top companies’ refinancing needs by Rs 4 trillion: India Ratings – The Economic Times
The corporate borrower will be allowed to draw down on the cash credit portion only after the entire working capital limit component has been used
J&J distributor found guilty of profiteering after GST rate cut – The Economic Times
The case before the Profiteering Authority states that the distributor had hiked the base price of two products after the GST Council slashed tax in
GST: Refund issues play havoc on exporters’ bottomline in post-GST era, seek relief from Delhi HC–Economic Times
Earlier this year too, exporters had flagged off concerns over the limitations on getting the Advanced Authorisation licenses in the post GST era. Exporters are
How senior citizens can avail tax break on interest income under Sec 80TTB – The Economic Times
Budget 2018 introduced a new section, 80TTB, under the Income Tax Act which allows senior citizens to claim tax break on specified interest income up to Rs 50,000 in
Three telling recent indicators and why slowing economy needs a boost | Business Standard Column
The last couple of weeks have made three things clear. First, the economy is slowing down. Following the release of the lower-than-expected July-September growth number
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